The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-14
CONDITION OF THE MARKETS
Wheat Shows an Increase of Activity
and a Decidedly Stronger Tone.
Corn Declines Early in the Day, but Receivers
and Closes at the Figures of ruesday-Pork
Unchanged-Small Fluctuations in Lard.
MONEY, BONDS AND STOCKS.
Tho Market Opens Weak, but Closes Moder-
ateIy Active and Steady.

Tho Market Opens Weak, but Closes Moder-
ateIy Active and Steady.
NEW YORK, April 13.-Money on call was
easy at 367 per cent. closing offered at 3.
Prime mercantile paper, 5 6 Per cent.
Sterling exchange was dull but steady and I'M
changed
The total sales OF stocks to-day were 379, oS4
shares, including the following: Delaware,
Lackawanna & Western, IL. 800; Delaware &
Hudson. 1857; Kansas e. Texas, 1850; Lake
Shore, Is, go; Louisville g. Nashville, 1915;
Northwestern. SIG; New Jersey Central 28,-
GAO; Oregon Transcontinental, IA, ITO; Reading,
O,660; ST. Paul. 19,400; ST Paul s. Omaha
7l90; Texas Pacific, 1920; Union Pacific, 16. 600;
Western Union, 1881.
The foreign operators. not meeting any re-
Spouse from this market to their efforts to ad
vance prices changed front this morning. and
were free sellers of the stocks purchased in the
last few days. Many of the bull" leaders, who
are not averse to a moderate reaction, aided the
decline by hammerlng several of the specialties.
The only support received by the market was
obtained from the covering of shorts" and pur-
chases by commission houses. Considerable
sisiance was given to the decline by the extraor-
tan. The former attracted most attention
throughout the day, and at one time showed an
advance of Al per cent. Different causes are
ascribed for its strength. but it is generally
attributed to the manipulation of insiders
though there are evidences Of squeeze of the
''short" interest, which is reported to be
very heavy, especially in Philadelphia. The
movement In Manhattan Is ascribed to the Stand
ard Oil party. the story in the board being that
they were also interested in the movement in
Jersey Central and Reading. Louisville & Nash
vile and Reading were sold freely for foreign
account, although the liquidation extended TO all
the London favorites. The Gould stocks were
firm 10 the early part of the day, Western Union
being specially prominent throughout The
grangers and trunk lines were comparatively
neglected, and the dealings in the low priced
shares bore q much smaller proportion to the
total business than usual for the last two weeks
The market opened weak the declines ranging
up to per cent. in Louisville d Nashville. and
further fractional losses were established in
early dealings. The entire market rallied
quickly, however. under the lead of West
ern Union and Wheeling & Lake Erie. and
the early losses were generally recained,
after which the market became comparatively
quiet and steady. In the afternoon the entire
list declined under persistent hammering, and
with the exception of one slight rally the weak
continued until 2 p. NJ, when the lowest
figures for the day generally were made. There
was a slight rally in rne last hour, and the close
was moderately active and steady. Sales, 379,
s84 shares.
hailroad bonds were moderately active; sales,
$1.753 600 Atlantic & Pacific incomes fur
nished $40. 900. and New York City g. Northern
trust recepts $l50,000. The market was soma
what irregular, but generally firm. although it
sympathized with the share market in the after
noon and became weak. Closing prices show
irregular changes, with majority of advances
Jersey Central convertibles rose p. to 100;
Michigan Central fves of 1900. 3d. to 1923, and
Richmond & Danville debentures 2, to ia.
Government and State bonds were dull and
steady Closing quotations were: